The macroeconomic effects of IMF programs in MENA countries

dc.authoridÖzturk, Ilhan -- 0000-0002-6521-0901
dc.contributor.authorÖztürk, İlhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:28:07Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:28:07Z
dc.date.issued2011
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000294951200039en_US
dc.description.abstractUsing panel data for six Middle East and North African (MENA) countries over the period of 1975 to 2004, this paper analyzes macroeconomic effects of IMF programs. Consistent with the results of previous studies, it is shown that IMF programs have positive effect on balance of payments. However, these programs have negative impacts on investment, inflation and consumption. It is also found that these programs have no effect on the per capita GDP, current account, budget deficits and foreign direct investments in the selected MENA countries. The results suggest that, on average, when a country starts with a balance of payments crisis and IMF involvement enables it to overcome it, this is making macroeconomic situation worse.en_US
dc.identifier.endpage4387en_US
dc.identifier.issn1993-8233
dc.identifier.issue11en_US
dc.identifier.startpage4379en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12507/630
dc.identifier.volume5en_US
dc.identifier.wosWOS:000294951200039
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherACADEMIC JOURNALSen_US
dc.relation.ispartofAfrıcan Journal of Busıness Management
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectIMFen_US
dc.subjectMENAen_US
dc.subjectStabilization Programsen_US
dc.titleThe macroeconomic effects of IMF programs in MENA countries
dc.typeArticle

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